September 30, 1999
Management Statement Regarding Compliance With Certain Provisions
of the Investment Company Act of 1940
We, as members of management of the Farmers Investment Trust (the "Trust",
comprised of the Income Portfolio, Growth Portfolio, Balanced Portfolio, Income
with Growth Portfolio, and the Growth with Income Portfolio, the "Portfolios")
are responsible for complying with the requirements of subsections (b) and (c)
of Rule 17f-2 of the Investment Company Act of 1940 (as interpreted in the
Response of the Office of Chief Counsel, Division of Investment Management, Ref.
No. 92-237-CC, which interpretation substitutes for compliance with Rule 17f-2
(b) compliance with section 17(f) of the Investment Company Act of 1940 and Rule
17f-4 thereunder). We are also responsible for establishing and maintaining
effective internal controls over compliance with those requirements.
We have performed an evaluation of the Portfolios' compliance with requirements
of sub-sections (b) and (c) of Rule 17f-2 (as interpreted in the Response of
the Office of Chief Counsel, Division of Investment Management, Ref. No.
92-237-CC, which interpretation substitutes for compliance with Rule 17f-2 (b)
compliance with section 17(f) of the Investment Company Act of 1940 and Rule
17f-4 thereunder) as of April 21, 1999 and for the period from March 8, 1999
through April 21, 1999. Based on this evaluation, we assert that the Portfolios
were in compliance with the provisions of subsections (b) and (c) of Rule 17f-2
of the Investment Company Act of 1940 (as interpreted in the Response of the
Office of Chief Counsel, Division of Investment Management, Ref. No. 92-237-CC,
which interpretation substitutes for compliance with Rule 17f-2(b) compliance
with section 17(f) of the Investment Company Act of 1940 and Rule 17f-4
thereunder) as of April 21, 1999, and for the period from March 8, 1999 through
April 21, 1999 with respect to securities reflected in the investment accounts
of the Portfolios.
Very truly yours,
FARMERS INVESTMENT TRUST
/s/John R. Hebble
- -----------------
John R. Hebble
Treasurer
/s/Caroline Pearson
- -------------------
Caroline Pearson
Assistant Secretary
<PAGE>
September 30, 1999
Management Statement Regarding Compliance With Certain Provisions
of the Investment Company Act of 1940
We, as members of management of the Farmers Investment Trust (the "Trust",
comprised of the Income Portfolio, Growth Portfolio, Balanced Portfolio, Income
with Growth Portfolio, and the Growth with Income Portfolio, the "Portfolios")
are responsible for complying with the requirements of subsections (b) and (c)
of Rule 17f-2 of the Investment Company Act of 1940 (as interpreted in the
Response of the Office of Chief Counsel, Division of Investment Management, Ref.
No. 92-237-CC, which interpretation substitutes for compliance with Rule 17f-2
(b) compliance with section 17(f) of the Investment Company Act of 1940 and Rule
17f-4 thereunder). We are also responsible for establishing and maintaining
effective internal controls over compliance with those requirements.
We have performed an evaluation of the Portfolios' compliance with requirements
of sub-sections (b) and (c) of Rule 17f-2 (as interpreted in the Response of the
Office of Chief Counsel, Division of Investment Management, Ref. No. 92-237-CC,
which interpretation substitutes for compliance with Rule 17f-2 (b) compliance
with section 17(f) of the Investment Company Act of 1940 and Rule 17f-4
thereunder) as of April 30, 1999 and for the period from April 21, 1999 (date of
last examination) through April 30, 1999. Based on this evaluation, we assert
that the Portfolios were in compliance with the provisions of subsections (b)
and (c) of Rule 17f-2 of the Investment Company Act of 1940 (as interpreted in
the Response of the Office of Chief Counsel, Division of Investment Management,
Ref. No. 92-237-CC, which interpretation substitutes for compliance with Rule
17f-2(b) compliance with section 17(f) of the Investment Company Act of 1940 and
Rule 17f-4 thereunder) as of April 30, 1999, and for the period from April 21,
1999 (date of last examination) through April 30, 1999 with respect to
securities reflected in the investment accounts of the Portfolios.
Very truly yours,
FARMERS INVESTMENT TRUST
/s/John R. Hebble
- -----------------
John R. Hebble
Treasurer
/s/Caroline Pearson
- -------------------
Caroline Pearson
Assistant Secretary
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58201/ UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
-----------------------------------------------------------------------------------------------------------------------------
Exact name of investment company as specified in registration statement:
3. Farmers Balanced Portfolio Class A
- ------------------------------------------------------------------------------------------------------------------------------------
Address of principal executive office (number, street, city, state, zip code):
4. Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58202 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Balanced Portfolio Class B
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58207 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
Exact name of investment company as specified in registration statement:
3. Farmers Growth with Income Portfolio Class A
- ------------------------------------------------------------------------------------------------------------------------------------
Address of principal executive office (number, street, city, state, zip code):
4. Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58210 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Growth with Income Portfolio Class B
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58211 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Growth Portfolio Class A
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL NONE GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58212 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Growth Portfolio Class B
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL NONE GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58204 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Income with Growth Portfolio Class A
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL NONE GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58214 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Income with Growth Portfolio Class B
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
--------------------------------
Washington, D.C. 20549 OMB APPROVAL
--------------------------------
OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- ------------------------------------------------------------ -----------------------------------------------------------------------
1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
- ------------------------------------------------------------ -----------------------------------------------------------------------
2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL NONE GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58213 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
-----------------------------------------------------------------------------------------------------------------------------
Other (specify):
- ------------------------------------------------------------------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
Farmers Income Portfolio Class A
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
<TABLE>
<CAPTION>
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Washington, D.C. 20549 OMB APPROVAL
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OMB Number: 3235-0360
FORM N-17f-2 Expires
Estimated average burden
Certificate of Accounting of Securities and Similar hours per response...0.05
Investments in the Custody of --------------------------------
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
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1. Investment Company Act File Number: Date Examination completed:
811-8606 April 21, 1999 and April 30, 1999
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2. State identification Number:
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
<S> <C> <C> <C> <C> <C> <C>
AL NONE AK NONE AZ NONE AR NONE CA NONE CO NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
CT NONE DE NONE DC NONE FL NONE GA NONE HI NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
ID NONE IL R9941795 IN NONE IA NONE KS NONE KY NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
LA NONE ME NONE MD NONE MA NONE MI NONE MN NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
MS NONE MO NONE MT NONE NE NONE NV NONE NH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
NJ NONE NM NONE NY NONE NC NONE ND NONE OH NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
OK NONE OR NONE PA NONE RI NONE SC NONE SD NONE
---------------------- ------------------------ -------------------- -------------------- -------------------- --------------
TN NONE TX C-58214 UT NONE VT NONE VA NONE WA NONE
---------------------- ------------------------ -------------------- --------------------------------------------------------
WV NONE WI NONE WY NONE Puerto Rico NONE
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Other (specify):
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3. Exact name of investment company as specified in registration statement:
Farmers Income Portfolio Class B
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4. Address of principal executive office (number, street, city, state, zip code):
Two International Place, Boston MA, 02110
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INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D.C., one copy with the regional office for
the region in which the investment company's principal business operations
are conducted, and one copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
Independent Accountants' Report
To the Board of Trustees of Farmers Investment Trust:
We have examined management's assertion about Farmers Investment Trust (the
"Portfolios", comprised of Growth Portfolio, Balanced Portfolio, Income
Portfolio, Income with Growth Portfolio, and Growth with Income Portfolio)
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under
the Investment Company Act of 1940 (as interpreted in the Response of the Office
of the Chief Counsel, Division of Investment Management, Ref. No. 92-237-CC) as
of April 30, 1999, included in the accompanying Management Statement Regarding
Compliance with Certain Provisions of the Investment Company Act of 1940.
Management is responsible for the Portfolios' compliance with those
requirements. Our responsibility is to express an opinion on management's
assertion about the Portfolios' compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Portfolios' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Included among our procedures were the following tests
performed as of April 30, 1999, and with respect to tests of selected security
purchases and sales, for the period from April 21, 1999 (date of last
examination) through April 30, 1999:
o Confirmation of the number of shares of beneficial interest of the
affiliated underlying funds owned by each Portfolio and held by a
securities depository which uses the book entry method of accounting for
securities (i.e. Kemper Service Corp.).
o Confirmation of the number of shares of beneficial interest of the
unaffiliated funds owned by each Portfolio and held by a securities
depository which uses the book entry method of accounting for securities
(i.e. Investors Fiduciary Trust Company and Janus Service Corp.).
o Reconciliation of all such shares of beneficial interest to the books and
records of the Portfolios.
o Test of selected purchases and sales by the Portfolios of shares of
beneficial interest of the underlying funds for the period from April 21,
1999 (date of last examination) through April 30, 1999 from the books and
records of the Portfolios to confirmations from Kemper Service Corp.,
Investors Fiduciary Trust Company and Janus Service Corp.
We believe that our examination provides a reasonable basis for our opinion. Our
examination
<PAGE>
does not provide a legal determination of the Portfolios' compliance with
specified requirements.
In our opinion, management's assertion that the Portfolios were in compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 (as interpreted in the Response of the Office of the Chief
Counsel, Division of Investment Management, Ref. No. 92-237-CC) as of April 30,
1999, with respect to securities reflected in the investment accounts of the
Portfolios is fairly stated, in all material respects.
This report is intended solely for the information and use of management of
Farmers Investment Trust and the Securities and Exchange Commission and should
not be used for any other purpose.
Boston, Massachusetts PricewaterhouseCoopers LLP
June 9, 1999
Independent Accountants' Report
To the Board of Trustees of Farmers Investment Trust:
We have examined management's assertion about Farmers Investment Trust (the
"Portfolios", comprised of Growth Portfolio, Balanced Portfolio, Income
Portfolio, Income with Growth Portfolio, and Growth with Income Portfolio)
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 under
the Investment Company Act of 1940 (as interpreted in the Response of the Office
of the Chief Counsel, Division of Investment Management, Ref. No. 92-237-CC) as
of April 21, 1999, included in the accompanying Management Statement Regarding
Compliance with Certain Provisions of the Investment Company Act of 1940.
Management is responsible for the Portfolios' compliance with those
requirements. Our responsibility is to express an opinion on management's
assertion about the Portfolios' compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Portfolios' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Our examination was made without prior notice to the
Portfolios. Included among our procedures were the following tests performed as
of April 21, 1999, and with respect to tests of selected security purchases and
sales, for the period from March 8, 1999 (commencement of operations) through
April 21, 1999:
o Confirmation of the number of shares of beneficial interest of the
affiliated underlying funds owned by each Portfolio and held by a
securities depository which uses the book entry method of accounting for
securities (i.e. Kemper Service Corp.).
o Confirmation of the number of shares of beneficial interest of the
unaffiliated funds owned by each Portfolio and held by a securities
depository which uses the book entry method of accounting for securities
(i.e. Investors Fiduciary Trust Company and Janus Service Corp.).
o Reconciliation of all such shares of beneficial interest to the books and
records of the Portfolios.
o Test of selected purchases and sales by the Portfolios of shares of
beneficial interest of the underlying funds for the period from March 8,
1999 (commencement of operations) through April 21, 1999 from the books and
records of the Portfolios to confirmations from Kemper Service Corp.,
Investors Fiduciary Trust Company and Janus Service Corp.
We believe that our examination provides a reasonable basis for our opinion. Our
examination
<PAGE>
does not provide a legal determination of the Portfolios' compliance with
specified requirements.
In our opinion, management's assertion that the Portfolios were in compliance
with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 (as interpreted in the Response of the Office of the Chief
Counsel, Division of Investment Management, Ref. No. 92-237-CC) as of April 21,
1999, with respect to securities reflected in the investment accounts of the
Portfolios is fairly stated, in all material respects.
This report is intended solely for the information and use of management of
Farmers Investment Trust and the Securities and Exchange Commission and should
not be used for any other purpose.
Boston, Massachusetts PricewaterhouseCoopers LLP
June 7, 1999
2
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